Skip to main content

About your Search

20130216
20130224
Search Results 0 to 5 of about 6 (some duplicates have been removed)
that massive layoffs could cripple their economies. >> we don't need to wait to see the white in the eyes before we start responding because of the potential that we see. this challenge is real and real right now. >> reporter: well, with the deadline still nine days away, there's still a lot of posturing, and there's no sign that anyone's trying to make a deal. administration tells us that there are no secret talks or negotiations under way. the reason for that, of course, the obama administration thinks it's winning this debate and republican pressure will force republicans to give in. charlie, gayle? >> thanks. >>> cbs political correspondent john dickerson. good morning, john. >> good morning, charlie. >> put this for us in terms of what we're talking about and what we're not talking about. >> it's a good point. step back here. what we're not talking about in this sequester is the actual long-term drivers of this deficit problem so as people look at the fight, which is the 900th chap tur in the con stangt fights of the budget, what's happening is the debate about dumb cuts to a portion
are they saying and what are they saying about the economy? >> looking backward they're saying walmart had a very good christmas. they earned more than expected. they came in light on sales. however, going forward, that's really a question. walmart is considered a bellwether for our economy and what they told us this morning is that the payroll tax cut is impacting consumers. the hike that we saw at the beginning of the year, the 2% hike which takes about $20 out of people's weekly paycheck is hitting the consumer and gasoline prices are up 50 cents in the last month and there's a tell prey knock on the consumer right now because refunds have been delayed. the tax code had to be overhauled as a result of the many of the reforms of last year and they're saying their consumer has been hit by delays in the refund checks, about $20 billion in refund checks didn't go out on time. >> all right. new information. re rebec rebecca, thank you. >>> the obama administration plans fines, penalties, and trade sanctions against any government that sponsors hacking. bob orr is in washington. bob, good morning. >
this morning. it's a bellwether for the nation's economy. rebecca jarvis is here with us. what are they saying about the economy? >> looking backwards walmart had a good christmas, that holiday sales worked out well for them they earned more than wall street was expecting, they came in a little light on sales. however, going forward, that's really the question walmart is considered a bellwether for our overall economy and what they told us this morning is that the payroll tax cut is impacting consumers, that pike that we saw at the beginning of the year the 2% hike that takes about $20 out of people's weekly paychecks, that's getting their consumer also gasoline price is up 50 cents in the last month, that's hitting consumers and there's a temporary knock on the consumer because refunds have been delayed. the tax code had to be overhauled as a result of many of the reforms at the end of last year and they're saying their consumer has been hit by delays in the refund checks about $20 billion in refund checks didn't go out on time. >> new information this morning rebecca t
that massive layoffs would cripple their economies. >> we don't need to wait to see the white in their eyes to start responding because of the potential that we see. this challenge is real and real right now. >> with the deadline still nine days away there's a lot of posturing going on and no sign anyone is trying to make a deal. officials tell us there are no secret negotiations under way. one reason for that the obama administration thinks it is winning this debate and public pressure will force the republicans to give in. charlie, gayle? >> bill plante thanks. >>> also in washington cbs news political director john dickerson. john, good morning. >> good morning, charlie. >> put this thing in context for us in terms of what we are talking about and what we're not talking about. >> well you know it's a good point. step back here. what we're not talking about in this sequester is the actual long-term drivers of this deficit problem, and so as people look at this fight, which is the 900th chapter in the constant fights over the budget what's happening is a debate about dum
Search Results 0 to 5 of about 6 (some duplicates have been removed)